Question: solve, calculate exactly with fraction values and no rounding until the final step Marcus receives an inheritance of $11,000. He decides to invest this money

solve, calculate exactly with fraction values and no rounding until the final step

Marcus receives an inheritance of $11,000. He decides to invest this money in a 11-year certificate of deposit (CD) that pays 5.5% interest compounded monthly. How much money will Marcus receive when he redeems the CD at the end of the 11 years? Marcus will receive $. (Round to the nearest cent.)

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